Agronomics’ (ANIC) “Buy” Rating Reaffirmed at Canaccord Genuity Group

Agronomics (LON:ANIC)‘s stock had its “buy” rating reiterated by equities researchers at Canaccord Genuity Group in a note issued to investors on Thursday,Digital Look reports. They currently have a GBX 16.50 ($0.21) price objective on the stock, down from their prior price objective of GBX 17 ($0.21). Canaccord Genuity Group’s target price would suggest a potential upside of 328.57% from the stock’s current price.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 17.50 ($0.22) price objective on shares of Agronomics in a research report on Friday, November 29th.

Agronomics Trading Up 4.8 %

LON ANIC traded up GBX 0.18 ($0.00) during trading on Thursday, hitting GBX 3.85 ($0.05). The company had a trading volume of 6,159,277 shares, compared to its average volume of 3,129,614. The company’s fifty day moving average is GBX 3.95 and its 200-day moving average is GBX 4.79. The company has a market cap of £38.89 million, a price-to-earnings ratio of 470.00 and a beta of 1.47. Agronomics has a one year low of GBX 3.65 ($0.05) and a one year high of GBX 10.50 ($0.13).

About Agronomics

Agronomics is an AIM-listed investment company centered on the nascent fields of cellular agriculture, precision fermentation and synthetic biology. The Company invests in technologies that offer new ways of producing food and materials with a focus on products historically derived from animals. These technologies are driving a major disruption in agriculture, offering solutions to improve sustainability, as well as addressing human health, animal welfare and environmental damage.